Compagnie de Saint-Gobain Issue of Debt (2145M)
January 10 2023 - 1:06AM
UK Regulatory
TIDMCOD
RNS Number : 2145M
Compagnie de Saint-Gobain
10 January 2023
SAINT-GOBAIN SUCCESSFULLY PRICED A DOUBLE TRANCHE
EUR 1.15 BILLION BOND ISSUE CONSISTING OF:
-- EUR 500 million floating rate notes with an 18 month maturity
and a 3 months Euribor +0.20% coupon
-- EUR 650 million fixed rate notes with a 6 year maturity and a 3.50% coupon
With this transaction Saint-Gobain took advantage of favorable
market conditions to anticipate the refinancing of its debt
maturities, while optimizing its future financing costs.
The bonds were over 2.5 times oversubscribed with close to 200
investors demonstrating confidence in the Group's credit
quality.
This success underlines the relevance of Saint-Gobain's
strategic positioning as worldwide leader in light and sustainable
construction, the strong execution of its "Grow & Impact"
strategy and its excellent financial performance.
Saint-Gobain's long-term senior debt is rated BBB (positive
outlook) by Standard & Poor's and Baa1 (stable outlook) by
Moody's.
Global coordinators BofA Securities and HSBC, as well as
CaixaBank, Crédit Industriel et Commercial, Credit Suisse, Intesa
Sanpaolo S.p.A., Morgan Stanley, MUFG, RBC Capital Markets and
Santander, acted as bookrunners on this bond issue.
ABOUT SAINT-GOBAIN
Worldwide leader in light and sustainable construction,
Saint-Gobain designs, manufactures
and distributes materials and services for the construction and
industrial markets. Its integrated solutions for the renovation of
public and private buildings, light construction and the
decarbonization
of construction and industry are developed through a continuous
innovation process and provide sustainability and performance. The
Group's commitment is guided by its purpose,
"MAKING THE WORLD A BETTER HOME".
EUR44.2 billion in sales in 2021
166,000 employees, locations in 76 countries
Committed to achieving Carbon Neutrality by 2050
For more information about Saint-Gobain,
visit www.saint-gobain.com and follow us on Twitter
@saintgobain
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END
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